Federal Bank’s deposits and advances up 21% YoY in Q1

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Federal Bank It posted a healthy 21 percent year-on-year increase in both total deposits and total advances in the first quarter.

At the end of the first quarter, total deposits and advances totaled ₹ 2,22,513 crore (Rs. 1,83,355 crores) and ₹ 1,86,593 crores (Rs. 1,54,392 crores), respectively, as per the filing. Regulatory for the private sector bank.

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The share of low-cost current account and savings account (CASA) deposits fell to 31.85 percent of total deposits from 36.84 percent a year earlier.

Current and savings account deposits grew by 5 per cent year-on-year to Rs.70,872 crore from Rs.67,540 crore.